Topic: PPC Price in 45Day Poll (Read 1567 times)

OK, I've replied to Luckybit over at http://www.ppcointalk.org/index.php?topic=202.msg935#msg935

Actually, GTA IV. I always thought there was something familiar with the background...

Isn't that a map of the 3 islands in GTA 3? Lol

PPC does not have the lowest inflation rate. Where do you get that number?

Here are the facts I have. PPC has out inflated LTC and hasn't been around nearly as long. It produces around 411 coins per block. Bitcoin is at 25 coins per block. Litecoin is at 50 coins per block. Mincoin is at 2 coins  per block. As a result of epic growth PPcoin has 19 million coins in circulation to LTC's 18 million.

At this point in time it's not really a big deal because 19 million is low, but it's not the lowest inflation rate of all alt-coins based on the numbers I'm working with. I don't know where you get the values of 20% - 30% inflation, and how do you figure it's the lowest?

I know it's your coin so you're going to promote it but what we are seeing in the market are signals of a period of high inflation, and market cap shrinkage, which isn't a bad thing but don't convince people to invest heavy fiat into this coin when it's rise is truly uncertain. I await the figures backing up your claims.
http://coinmarketcap.com/



I don't think it's undervalued if we look at the market cap. The market cap is the indicator for what the price should be and the market cap is shrinking. I'm a fan of the PPcoin technology, but I think the only way for the price to go up is for businesses to start up and accept or use PPcoins. Start a business and somehow find a reason for people to buy and use PPcoins and the market cap will rise. The other thing that needs to happen is hashing power has to be directed at PPcoin because according to my understanding the inflation rate is determined by the hashing power directed at it. More miners should raise the difficulty which should slow the inflation rate and that could happen as soon as ASICS ship.

I'm mining PPC. I predict someday each PPC will be worth $1 and when I mine I think of each PPC as $1. I also think the price of PPC will eventually go up, but the price of PPC will be correlated with the market cap just like it is with all coins and only when the market cap is brought up to a level above the total amount of PPC in circulation will we see PPC price at $1 and up.

This would mean PPC needs a market cap of $19 million or more. LTC has a market cap if $50 million but is selling at $2-3, Bitcoin has a market cap of over a billion and is selling at $100-130, let's see if PPC gets to a dollar when it's market cap is over $20 million, I predict that is what it will take and that is possible but probably not going to happen anytime soon. The only way it will happen is for you and others to set up sites where people can buy PPC directly with USD, not buy it with BTC or LTC. Then there has to be many sites set up for people to spend PPC. Finally there has to be some job sites for people to earn PPC.

Current PPC market cap is $ 3,137,639 and it just lost -7.97%. Unless the trend changes I expect the price to keep going down until a development in PPC changes the trend.


Supply and demand. Supply is high and demand is low. I think this can change over a period of 6 months but the longer supply increases the bigger the market cap will have to be for each coin to be worth $1. So while I know PPC is worth something, and worth more than 0.003 in the long term and definitely worth more than it's going for right now, I don't know that it will ever reach $1.Since the poll is asking where I think it will be in the next 45 days I think right now there are signals that the price has to go down further before the slow climb back up so I think for another few weeks to a month we will see it dip down to 0.0010 and then 0.0007 and from there it will go back up. Because of this, if you're thinking about PPC as a short term investment it's a very bad time to buy PPC. Wait another couple of weeks when supply is increased even further and then buy as much as you can while it's at around 0.0007, if you buy right now you wont get the maximum amount of profits as a speculator.

Look at that real DEV who is on the case,

do you seen why this coin is going places


also I really like  http://www.ppcoin.org/

love the map at the back etc

Sunny King , thank you for your great work! Are you by any chance thinking about updating http://www.ppcoin.org ?
Let me know if you need any help. I set up new novacoin.org and if needed would love to help.

Cheers

Acceptable confirmation time for user transactions are determined by market/exchanges. For bitcoin the market considers 6 confirmations to be extremely safe.

The 520 confirmations required for spending newly-mint (and stake) coins corresponds to bitcoin's 120 confirmations. The purpose of this restriction is to reduce invalidated user transactions during a network fork/split event.

Typically a user transaction can be automatically resent to the network if a block chain reorganization causes it to lose confirmation. However if the transaction is dependent upon newly-mint coins, it could become invalid during a block chain reorganization. In this situation users have to send another transaction in its place. The spending restriction on newly-mint coins is to reduce the occurrence of this scenario.

Side question for sunny, what is the reason for the large confirmation times for PPC and will this ever be shortened?

Can't seem to post on ppcointalk.

ppcoin currently has the lowest inflation rate (20~30% annual) among all altcoins, only second to bitcoin (~10% annual).

Yeah, it really all depends on how soon the "alt coin rush" ends though.

In the meantime, I am mining BTC and buying PPC with every btc made

I guess, if more cryptocoins are made, the PPCcoin wont change much in it's value +-15% max

I hate to say it but I think it still has some way to go before we see it recover.

0.002 would be nice.

Exactly, TRC was the same price as PPC about a month back, and TRC is heading below TRC

PPC i think will go to 0.004+ maybe even 0.01+

Could not agree more. I feel like LTC is a right where it should be + / - 20%
BTC is under and still recovering, i personally think its worth $140-150
NVC is hard to say I think its around where it should be and it makes it the only coin atm at true value.
TRC I hate so I just dont care ;p
PPC is waaayy under as I think it should be around 0.0025

ftc/cnc is total crap and I would not touch them with 10ft pole.

If you speculate a future higher value, you cannot say its currently overpriced. Things aren't valued at what their current status is, but what it is believed to be worth in the future. Its the reason why when a good news hit about a company, its value rises. And vice versa.

The only plausible reason to say what you just said besides stupidity is "I want to buy low and resell high". But then, its stupid to think the market will follow your claim.

Could you expound on the problems you encountered? Complaints about the central checkpointing? Security concerns about the not completely explored PoS security system? If anything I appreciate that PPC is heavier on development than marketing though there are still plenty of unanswered questions going forward.

Right now its still over priced but it will eventually reach $1 probably sometime this year.

PPC is probably the most undervalued coin out there

It has a real known and good DEV for ages.

Also wanted to invite anyone interested to come join the conversation on the ppcointalk wall observer: http://www.ppcointalk.org/index.php?topic=202.0

Thanks for the data point. I do have to compare your willingness to hold for a year or so to a guy in the equivalent of your position in BTC though:


http://www.reddit.com/r/Bitcoin/comments/1bhhjg/any_bitcoin_millionaires_here_on_reddit_if_so/c96rn3p